tv Sunday Morning Futures With Maria Bartiromo FOX Business July 5, 2015 6:00pm-7:01pm EDT
now that? >> i just knew. i keep track. >> we're smart. >> oh. congress remaining skeptical of any final nuclear dealing with iran. good morning, everyone. happy fourth of july weekend. i'm maria bartiromo. welcome to "sunday morning futures." would iran hold true to any deal? i will talk to a member of the senate intelligence committee in a few moments. plus the pentagon shifting its strategy for the first time in four years. the first navy s.e.a.l. to serve in the house of representatives on the threat of lone wolf attacks, and his push for new resources. shedding light on hillary clinton and her unofficial adviser sidney bloom men that
will. our panel on whether that will hurt her chances in 2016 as we look ahead in "sunday morning futures." negotiations towards a final deal aimed at curbing iran's nuclear program going into overtime. secretary of state john kerry and leaders of five different countries agree to continue talks until at least july 7th. will they go anywhere? how is congress feeling about all of this? senator dan coats of indiana is a member of the intel committee. sir, good to have you on the program. thanks so much for joining us. >> good morning. >> what will be different after july 7th that we haven't been able to agree on so far? >> what i'm concerned about, maria, is what will be different won't be different but it'll be sold as being different. it'll be nuanced and i'm very very deeply concerned that this administration is simply trying to get a deal at any price for the legacy of the president. we in congress on a bipartisan basis will be looking at this. we'll have a chance to vote it down if we think it's a bad
deal but i'm concerned that we won't have the votes to override a presidential veto and we'll be ending up in a situation like we were with north korea where we were promised by the clinton administration don't worry, we'll know if they have a breakout. we didn't know. we didn't find out. they cheated. they now have more than a dozen nuclear weapons and delivery systems. i'm afraid the same thing may happen in iran that will have negative consequences for the world, not just the united states. >> yeah. why do you think the president is so eager to do this deal? we know iran is a sponsor of terrorism. we know iran is the most disruptive in the region and we know they do not want u.n. inspectors in their military sites checking on whether or not they are, in fact enriching uranium. >> you know we've conceded on a number of major goals that were stated at the beginning, and i think it's just doing anything to get a diplomatic quote, success here so the president can add this to his legacy list.
it's very dangerous in terms of how we go forward in what's going to happen in the middle east and how that may spread throughout the rest of the world. our extreme consequences. so we have to be very careful here examine it very carefully and, frankly, right now what we see is not something that's going to be good for america. >> which is why, by the way, a number of our friends in the middle east are also skeptical of this. plenty to talk about with you today, senator. please stay with us. we want to first take a look at iran's history of denial as it continues to build the nuclear program. fox news's senior correspondent eric shawn joins us. >> good morning, maria. iran has said it wants nuclear weapons. iran's supreme leader ayatollah khamenei has said building a bomb is amen. they say iran has met a benchmark of reducing enriched
uranium. critics say they've been secretive and duplicitous. they're researching nuclear explosions that has been off limits to the nuclear inspectors. it hid secret enrichment work and hid it very deep into a mountain and a full extent of its nuclear covert program was not known to the world until first exposed by the national council of resistance of iran back in 2002. foreign policy magazine ominously puts it quote, world powers have long feared iran has moved closer to obtaining the means and resources to build a nuclear bomb even as the islamic republic insists its nuclear program is only for peaceful purposes. that is an innocuous stance iran's leaders have always maintained. >> do you want to pursue a nuclear bomb? >> translator: is there a law that tells me i must swear to convince others? i have said on numerous
occasions that we do not anatomic bomb. >> why should we believe you? you are violating four u.n. resolutions, you've kicked out u.n. inspectors. why should the world believe anything that you say on this subject? >> we do not insist that you should believe us. we've never said that you should. you are free not to believe us. >> for now many do not believe tehran. throughout negotiations the regime has continued to ignore six united nations resolutions saying that it suspend uranium enrichment. >> eric thanks voech for that. we are back now with senator dan coates of indiana. senator, let me ask you if a deal does not get done what are the implications for the world?
>> well we don't know for sure what the implications are, but what we do know is that if we maintain strong sanctions and even rachet those sanctions up iran will be in desperate economic trouble. they cannot sustain this forever. many believe that they will come back to the table and deal with us on a straight up basis. frankly, what was just said there's really no basis to put trust in iran in terms of what it will say or what it will do. so i continue to think that any kind of a deal that is not absolutely meeting the goals that we have set out in this one doesn't look like it's going to is something that we should not undertake. we will have to deal with what comes after that but i think a bad deal is worse than no deal. >> center corker has told senatory senator kerry that. it requires accepting a bad deal
or yielding to unacceptable iranian demands, but it feels like that's what we're doing. >> it sure looks like it. there's been nothing said and done. my concern is that it will be coached and marketed as something that is nuanced and, yes, we can put our trust in them. iran has done nothing to secure the trust of the united states, the world or anyone involved in these negotiations. they have a history of deception. it will be another north korea all over again so i think we have to be very very careful to explain to the american people why a bad deal is actually worse than no deal. >> let me move on senator, and ask you a bit about cuba because, of course this past week we know that the administration has agreed to re-open embassies regarding cuba whether it be in the u.s. or u.s. embassies in cuba. you have real opinions on this and you've told the president
that you really -- you released a statement that the president wants to sustain normalization with cuba. where do you stand on this? >> the president thinks reaching out to leaders in the world will accomplish a coombaya experience. he tried that with putin. that didn't work so well. he tried that with the middle east that didn't work so well. now he's trying this with cuba a state that gives us nothing back in terms of their human rights or abuses people in jail the kind of government that they have. it's an old festive government and it once again is a state, a nation taking advantage of a very weak president who's willing to give up everything. i'm not sure where the president's coming from in terms of this strategy. it hasn't worked in russia. it hasn't worked in the middle
east and i don't think it's going to work with cuba. >> i guess it will be the next president given we're talking about a limited time here for president obama, it will be the next president who really picks up the ball and deals with actually executing relations with cuba and, by the way, as well as relations with iran. >> i feel for the next president. they have to deal with a president that did not deal with relations in this country. we have lost the fears of our enemy and the respect of our allies. there's going to be a lot of makeup work to be done. >> senator, thank you for being on the program. we will see you soon. up next three u.s. adversaries highlighted in a new strategy released by the pentagon. the first navy s.e.a.l. to serve in the house. congressman is with me on that and a growing home grown terrorist threat. follow us on twitter. stay with us as we look ahead on sunday morning futures this morning.
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admitting that freedom, safety is facing a growing threat here at home. joint chiefs of staff chairman martin dempsey highlighted the threat of lone wolf attacks and dangerous moves by russia korea and iran. the nation's first updated military strategy. congressman ryan zinke is with us. he's a member of the house armed services committee. thank you so much for your wonderful service.
>> great to be with you. >> let me ask you about this most recent report. how would you characterize this threat that america faces today? >> well it shouldn't be any surprise. what we've seen is the emergence of nonnation states. our foreign policy i would characterize as our enemies no longer fear us and our allies don't trust us. i think it's reflective of when america and this administration didn't lead and formed a vacuum and power. i think what we're seeing is an expansion of isis expansion of al qaeda and nation states that have in the past not been as aggressive becoming more aggressive you know like russia and certainly china is flexing its muscles as well. >> so what do you think the u.s. should be doing at this point? how do you handle this growing number of countries sort of skeptical of america at a min
number minimum? >> in the case of russia we should look at energy independence. i think we should look at hitting russia with the free market. export our liquid natural gas. certainly that would, i think, check russia's ability to be as aggressive. china, forward engagement forward presence. our navy needs to be deployed forward. and in the middle east we need a policy what to do in syria. we need an adequate check on iran. i think the only thing that keeps me up at night is iran having a nuclear weapon. under no conditions should we allow iran a legal path for a nuclear weapon. i think that would be a disaster in the middle east. we would have an arms race. i think the probability of having a nuclear weapon comes in the united states through a surrogate increases. >> yeah we keep talking about this and the potential for an arms race and yet we have these ongoing talks with iran now.
iran is pushing back on any checks from u.n. inspectors pardon me on their military sites. what would you like to see happen with these talks in terms of these six super powers talking with iran over its nuclear ambition? >> well i think it's a false surrogate to put us in a position either we take a bad deal or we go to war against iran. john f. kennedy, you look at his presidency he had the resolve and the leadership he called it a quarantine. it's a blockade. certainly we could increase sanctions. the reason why they're at the table is because of sanctions. look iran in many ways identifies themselves as persia. they want to be the main influence and extend themselves in the middle east. the united states and our allies we want options. the defense department's own study looked at iran as sponsoring terrorism, terrorist
activity throughout the world. they are not a responsible nation state. to give a legal pathway for nuclear weapon for iran is -- i think is reckless. >> yeah. >> and i think congress will stand and stop it. >> what about isis? i mean that's a whole nother element that we've been obviously faced with over the last year plus. the airstrikes that have been taking place since last november how would you characterize that strategy? >> well lack of strategy really. i think where we're at in isis is i think we need to make sure we support the kerds directly. having more influence by iran. you have a shia militia which is heavily influenced if not controlled by iran. i think with isis, i think we need to look at syria of shoring up our support of the free
syrian army decide what we're going to do with assad, but look at syria, that's fine. sunni tribes that will fight and support them directly. and in iraq it's as much a war within -- within islam as it is east to west. air operations have not been successful. it's not going to change the course of the war. we've seen that. that's been known. and this is, once again, without american leadership which this administration has been consistent in not providing, nothing will happen. i do think there's -- the biggest threat still is iran and their continuing influence in iraq. when we push isis out, if the net result is just to have iranian forces move in that vacuum then i think we have to be very very cautious. >> congressman, good to have you
on the program today. thanks very much for joining us. we'll see you soon sir. a change in the ranks at one of the world's biggest banks. the outgoing president of credit suisse suisse. we'll look ahead on "sunday morning futures" today. ♪ (piano music) ♪ fresher dentures, for the best first impression. love loud, live loud polident. ♪ ♪ fresher dentures... ...for those breathless moments. hug loud, live loud, polident.
welcome back. credit suisse kicking off the second half of the year with a new leader after the ceo duggan stepped down. miss duggan looks at the new regulation. heavy regulation and higher capital levels throughout the industry. so as you leave credit suisse talk to us about where we are in the state of business today. there's a lot of populism out there where the banks have been pointed to as sort of you know the bad guys after the financial crisis in 2007. how would you characterize the environment today? >> well obviously there's been huge change in the industry over the past six years since the crisis. so lots more capital.
saferly safer liquidity. lower leverage. business models have been improved. things are a lot safer and sounder in the regulated financial industry. that's come at a cost. clearly the activities of the banks have been cut back. there's a discussion about liquidity and the fact that the regulated banks will be less likely to provide that liquidity. i think that's a natural outcome of a lot of the changes. that's one example of it. i think the question of how the regulated banking inning dus stri can continue to help the economy grow and job growth is very very important. today the industry has done a good job of changing their business model in ways that makes it safer and sounder but still allows us to contribute. the question really from here is how much further does the reg regulatory change go? how much more is going to be required? i think that's going to have real impacts on our ability as an industry to ensure the economic growth and job creation that we've been able to do
historically. >> one thing about you, your people love you. that's an important thing as a leader. a number of employees just feel like you've had their back over the years. what's your take? let me ask you to put your trader's hat on for a second. you come from a trading background and investment bank background first. so what do you think of the markets here? how do things feel to you? >> you know they feel pretty good in the sort of short run, short to medium run they actually feel pretty good. i think the dynamics are good. there is a lot out there in terms of disturbing the markets greece questions around the nearer term around interest rate increases. the longer term issue is the fact that we've been living in an environment, very low interest rates, negative interest rates particularly in europe and i think people have gotten used to that. so the question is as we get back, assuming we get into a more normal environment of higher rates, how are we going to transition to that? how is that going to work? that's going to be an important
transition. as usual, you worry when people get complacent about the current interest rate environment. you get used to the environment and don't appreciate how unusual it is to have negative interest rates across the markets. >> what is the bond market telling us with interest rates negative? >> yeah obviously it's saying that i think people believe rates are going to have to be kept at low rates for a very very long time. the question is when that changes it'll be one of the most surprising unsurprising things that happened. everyone knows rates will need to go up but it could have a big impact. >> when you look back at your legacy you have overseen some of the biggest events for the industry in recent memory. obviously the financial crisis. you took control of the ceo spot in 2007 and then the world fell apart. give us some color on what happened then and then of course fast forward to a smaller event but also incredibly stressful when you know regulators removed the peg in the currency
market of the swiss currency relative to others. so talk to us about, give us some color on these big events and how you dealt with this being at the helm of credit suisse. >> i think the events in '08, particularly in september '08 were obviously pretty cataclysmic for the markets around the world. i was personally at the table down at the fed on the weekends as were most of the major bank ceos. interestingly, i think the beginning of the crisis it was a very global group that was basically looking at it and participating, trying to solve the issues. it was an interesting weekend. i think actually the industry did a lot to try to come to a successful conclusion. didn't actually work out that way in the ends and obviously we had to deal with the aftermath of that. >> and that weekend being, you know what do you do about lehman brothers? lehman ultimately went away. what do you do about a.i.g.? ultimately the government came in and charged 14% interest
rates and took control of 80% of the company. >> huge issues. and a number of other institutions were in the middle of issues as well. even on that weekend we tried to be constructive. we tried to work together with solutions that would help the industry. i have to say through all of that i felt like we had positioned the bank really from the time i came in in may '07, we had been de-risking the bank. that was something we were criticized for early on. peel people said you're missing opportunities. our view was things were pretty frothy in the markets. we felt like with everybody moving forward taking risks, we felt like dealing with clients. >> that is a big deal. >> any time. for you maria, any time. >> thank you so much. brady duggan joining us. up next the new document dump of hillary clinton's e-mail account tells us the story.
run, but as hillary stays on the campaign trail, the state department is gathering her e-mails making another document dump last week with some new revelations over how close she really want to confidante sid blumenthal when the administration knew she was using her private e-mail account. they used this as light, mr. etty funny stuff actually. want to bring in our panel. ed rollins, white house adviser to president reagan. judith miller is adjunct fellow at the manhattan institute. she's a pulitzer prize winning author. john peble, he's the national finance head for president obama. let me kick this off with you because i think the supporters of hillary continue to say, look she has to be able to communicate that all this stuff is no big deal that the document dump doesn't matter
that the foundation and money going to the foundation while she was secretary of state is small potatoes. do you think she'll be able too do that convince the american people? >> yes, i do. you have to think about the clintons. for 30 years they lived in controversy. when president clinton ran there was controversy surrounding him. the clintons are not going to run away. they're not going to back down. they are going to weather the storm. they are the best at weathering political storms. i don't think there's anybody out here in the political world that's more comfortable with that i think they'll get through it. >> hard to argue that point, judy. >> i agree. the e-mails, if anything humanized her a little in terms of making her vulnerable. she wasn't sure where she was with obama. was she getting invited to the right meetings? this other stuff, closeness to sidney blumenthal is not a surprise to anybody who's been
watching for a long time. that's a deep long standing relationship. he was going to go on giving her advice no matter what. i don't think it's affecting her standings and ratings at all. >> do people understand that this is a person that the obama administration had banned? >> that may be a mark in her favor at this point. >> ed, what do you think? >> i agree with don. the clintons have lived in controversy but the clintons have lived in controversy. the only thing is this is distracting her campaign from getting out what she wants to talk about. she's been in the business for four months. it's been a pretty mediocre campaign other than raising money. this is a very long campaign. she's going to be the nominee. you know there's obviously a protest vote, the senator is getting big, large crowds but at the end of the day -- sanders, she will basically be the nominee. plenty of time to face off against republicans, whoever that may be. right now we've got a big donny brook going on our side.
>> it's interesting that bernie sanders have been commanding the presence and getting the audiences that he has been getting. that's why she's probably going all the way to the left on a lot of these issues because she's got lefties like bernie sanders and elizabeth warren breathing down her back? isn't that right? >> the democrats have a similar problem that the republicans have white and left. they pull. in order to get through the nominating process you have to go and appease that part of the party. hillary, though is in a position where she is liberated from that. there is no way she is not going to get the nomination short of a catastrophic event and revelation that damages her to a point where she's irrepairable. i don't see that happening. she has the freedom to play much more in the center so that she can be electable when it comes time for the general election. she should exercise that freedom to do that too. >> that's not what she's doing. she's moving to the left in all of her statements and how you walk that back in a general election may be a little bit
harder than she thinks. >> she's doing it in a surgical way. she's not going to the left on everything. she's still preserving her central position and you're going to see as she gets through this i think she's letting these e-mails help her tread water a little. it's a long race and the less she has to weigh in on other issues in fact it's better for her in the general election. >> i would trade two bernie sanders and one elizabeth warren for one donald trump. >> unbelievable. he showed no remorse whatsoever about what he said about mexicans. i wonder -- i wonder what this -- i mean everyone is sort of trying to alienate -- he's alienating so many people. >> there's a certain segment out there that's going to support him. i want to put things into proper perspective. if you don't have to live with the numbers like i have. 25% wins iowa. 25% wins iowa. the last time you know -- and
the day of the iowa caucus no delegates are picked. they go to convention. delegates aren't picked until after. 25% is what both romney and santorum got last time so, you know he gets 10 15%, he's right in the hunt. i think over time he will self-destruct. he may not. there's a serna peel anti-establishment appeal. blue collar. some of the reagan democrats switched over. >> iowa requires -- iowa requires significant organization the way barack obama won iowa is he was on the ground had on-the-ground people. trump has no organization. >> wait a second. he has one of the best guys in the world in iowa. former party chairman is the guy who put santorum in his pickup truck and drove him around to all of the counties. he has been trump's guy from day one. one thing about money, you can buy organization. >> if you're willing to spend
money. >> that's not the problem. he wins iowa. he is bad for the republican party. he's not only a challenge to everyone else who is serious up there, he is bad for the brand. this is the party of lincoln. this is the party that's supposed to be inclusive, trying to be more inclusive, and instead they're driving away the very voters to win. i don't get it and i don't know why republicans aren't tougher on him. >> arnold schwarzenegger i remember when he was running to unseat gray davis. people laughed at him. he won. not only did he unseat gray davis, he won. he got reelected. during that time period there was talk about him being president and talk about a constitutional amendment to remove the restriction of in order to be president you had to be born in the u.s. so if the terminator can win, donald trump can be the republican nomination. >> as a long time californian,
terminator 3 -- >> stranger things have happened. let's take a look at what's coming up at the top of the hour with "media buzz." howie, good morning. >> good morning maria. speaking of donald trump, i have an exclusive interview with the donald. he talks about his war with nbc and univision. why he loves picking fights with the press and why he's doing better in the polls than the media expected as well as you talk about some of his past bankruptcy filings and thoughts on gay marriage. >> you have to see if you're going to get donald to apologize for any of this commentary that's sparking debate around the country. he would not apologize when i spoke with him last week. howie, we will be there. >> i'm not expecting an apology. republican governor scott walker is forming an exploreatory committee. when he expects to announce that run and who is behind him when we look ahead at sunday morning futures. we'll be right back.
all right. the gop field growing to 14 last week. now it appears it's wisconsin governor scott walker's turn next. walker is expected to make his announcement that he is officially running a week from tomorrow. that is july 13th. walker is already leading some polls. the latest quinnipiac university poll shows he's holding the top spot in the ever important iowa caucus among gop candidates. donald trump and dr. ben carson rounding out the top three. interesting to see this poll. donald trump is up there. wisconsin governor scott walker. what do you think?
>> the two non-politicians, dr. ben carson and trump -- >> right. >> -- are right there ahead of most of the other politicians. walker has a solid relationship and a good campaign on the ground there so i would expect him to be the favorite the rest of the way, but you can move quickly. as i said 1700 precincts, 15,000 votes will win it for you. a lot of people can come forth. the national polls don't matter at this time. it's really iowa new hampshire, south carolina that matter. >> i see. look at the cnn poll. the cnn poll shows jeb bush followed by donald trump, huckabee ben carson paul walker rubio. judy your thoughts on that? >> well look i know that donald trump is now number two in that poll and he may do very well in iowa but i think that this ceiling is really a ceiling. i don't think he goes further than this despite his money, despite the bragadocia despite
the chutzpah. >> this is it? >> this is it. then you have walkers and others coming in late really get the attention. walker will definitely be the flavor du jour for a week or so. >> i would not say donald trump is a serious candidate. i think donald trump is a very successful entrepreneur and a successful business person and a master of media relations. i think he's in it to stay. i think trump is probably going to occupy the third spots in a lot of these races for a while early on and i think jeb and scott walker fight out for the top two right now. i think in iowa i think jeb bush is in a good position to do well there. ultimately it's a long you know campaign and i think, you know california and other places where a moderate candidate is going to do well. i think jeb will do well in the later part of the primary season. i just don't think that he has 14 candidates soon to be 15 and
possibly 16 and so it's a smorgasbord of candidates. who can make up their mind? >> well you wonder if in fact the number of candidates is actually hurting the gop or does it help because people feel like there's a bench? >> no it would be helpful if even of them had a forum. the problem is a bunch of them go to new hampshire because they can't win iowa. people like bush and others. people like christie. that worked for john mccain because nobody else was up there. this time you have eight or ten candidates that launch into new hampshire. it is a primary, at least. equal independence. democrats can vote. it's more of an election. caucus is a unique situation. it doesn't matter at the end of the day. >> but it's difficult to ascertain what the platforms are when you have so many people running. >> there's no question about it. >> how do you differentiate yourself? what are you running on? at the same time i still don't know that we know what hillary is running on by the way, don.
she said she is running for the average guy and gal out there but we haven't heard her give us a sense of foreign policy isis degrading and destroying them. what do you think? >> i think shecarve out this area topic of the moment income disparity. >> that she will. >> that will be her platform. it will be pro business and a private sector approach to solving this income inequity partnership between the government and private sector. that will be her number one place and this being an environment of opportunity. she'll take on immigration fwhou that it's at the forefront. >> you don't have the distinct granularity from the 14 or 15 candidates. >> she's a little lonely and that's her problem because all of the attention is really on her. we can talk about the bidenistas out there saying he may run and bernie sanders attracting 10,000 people wherever he goes but the
fact of the matter is, don's right. this is -- she's the only real player and that's a lot of pressure on her. i find it amazing that she has gotten away so far with answering so few questions from the press. >> right. >> press lets her get away with it. bad on us. >> i wonder if that changes. >> it has to change. she's going to be a viable candidate. she actually was a better candidate than obama at the end of the campaign. she lost by 120 delegates, she lost to the super delegates. she has to be tied to obama. where is obama going to be in a year and a half. this is about leadership. most americans don't think she's been a strong leader. in my sense that will be what republicans will argue. they had the decisions on the economy and are strong enough to do the international arena they're dealing with every day. >> i don't know about that. the president had a good week last week. >> supreme court. >> right, the supreme court, but things are going well. i think that you know obama's not going to be the burden that
say george w. was to his party, to john mccain in his last look and iowa can have a huge impact. it made the president and made barack obama president because it legitimized his candidacy early. african-american voters who were prone to go with hillary clinton because of the relationship with bill clinton saw him as a legitimate person. he did well in south carolina. i think if trump were to win iowa it would legitimize him in a way that nothing else could. that's his best shot don't you think, ed, for him to win iowa? >> he has a shot. i will bet a lot of money he won't win iowa. i bet he'll be in the race for a while. i think it's important to replay the history. hillary lost because of the super delegates, 450 congressmen, basically they wanted barack obama because of ted kennedy and the former leader harry reid took her there.
she ran dead even 120 delegates at the end of the day. she ran dead even everywhere. iowa is important to make him a viable candidate, but at the end of the day she was a strong candidate. we need to prepare for her being a strong candidate. >> i really think you have to factor in the terrorism potential. if something happens in between now and the election that something is bad, all bets are off in terms of hillary and her ability to distance herself from the foreign policy she was apart of. >> that's a good point. a mixed bag on the economy this past week. what the unemployment and labor job numbers tell us. as well as there's greece. the uncertainty there. we'll get into it next on "sunday morning futures." this allergy season, will you be a sound sleeper, or a mouth breather. well, put on a breathe right strip and instantly open your nose up to 38% more than allergy medicines alone. so you can breathe and sleep. shut your mouth and sleep right. breathe right.
welcome back. we'll get the fed minutes from the last meeting -- >> it's now time. there we go. it's now time to see whether or not we are able to close an agreement. in many ways this negotiation has been going on literally for a number of years. over the past few days we have in fact made genuine progress. i want to be absolutely clear
with everybody. we are not yet where we need to be on several of the most difficult issues. the truth is that while i completely agree with foreign minister sharif that we have never been closer at this point this negotiation could go either way. if hard choices get made in the next couple of days and made quickly, we could get an agreement this week. but if they are not made we will not. our teams remain very hard at work in the coming hours and days. we're going to go as hard as we can. we're not going to be negotiating in the press. we'll be negotiating privately and quietly. and when the time is right, we'll all have more to say. >> secretary kerry, how long are
you -- [ inaudible question ] [ inaudible question ] >> right now we're aiming to try to finish this in the time frame that we set out. that's our goal. we're going to put every bit of pressure possible on it to try to do so. >> reporter: would you walk away from it -- >> if we don't get a deal and there's an unwillingness to move on the things that are important, president obama has always said they would be prepared to walk away. from the moment i became involved in this we want a good agreement. only a good agreement. we're not going to shave anywhere at the margins in order just to get an agreement. this is something that the world will analyze, experts everywhere will look at there are plenty
of people in the nonproliferation community that will look at this and none of us will do something that can't pass scrutiny. president obama has made it clear we have to close off the pathways to potential of a bomb. our iranian counterparts have been working hard. they've approximateput in a lot of time. everyone is negotiating hard. that's what makes this difficult. our hope is that we get agreement that's fair and get the job done and we can hold our heads high and show the world that countries can come together and make things happen. we're not there yet. i emphasize that. we have difficult issues still to resolve. thank you all very much. thank you all. thank you. >> secretary of state john kerry giving an update on the progress being made on the p5+1 nuclear
talks with iran. united states and other world powers working to exchange sanction relief to keep tehran from the nuclear bomb. there was a july 1st deadline that since passed. it was extended to roughly july 7th. the absolute deadline perhaps is two days later, july 9th, because congressional action would expire at midnight then. congress weighing in on whether this is a good deal or not and approving it or not. so these talks of course have been going on for several years. they began to accelerate when the framework was reached early april. mr. kerry saying there's no deal yet and the united states is willing to walk away if it is not a good deal. we'll continue to ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one.
we're back with our panel. what's the one big thing to watch? >> the battle until egypt is very important. egypt is trying to put together a military arab army and killing of their prosecutor this week shows they can kill anybody in this country. >> i thought you were going to say puerto rico because they are facing a huge cash crunch. 60% of hedge funds have exposure to the debt there, which is a very high number. >> i'm watching that and the overflow from greece. if you have -- puerto rico
squeaked by. greece may or may not be. it highlights the financial instability across the board and i look at what happens after the referendum and what eu does about greece and greek-like other countries. >> that's impactful. tom, what are you looking at? >> a poll showing donald trump leading in one of the key primary states. >> come on. >> i believe that's extremely possible. he's in number two position right now. and he is still in it and not backing down. and we're still talking about him. >> i'm going to watch greece. i'm with you. the imf says greece needs $60 billion euros in new aid. we'll watch the results of that referendum. thank you for joining us all of you on the panel. happy fourth of july. wish you a safe and happy weekend this holiday weekend.